What is the process to open a company bank account in Dubai? Bank account opening in Dubai can be challenging, but with the right planning and information, it can be an easy and efficient process. Dubai is an international business and financial center and as such has a well-developed banking system that offers a wide […]
Tips to Reduce Business Setup Cost in UAE If setting up a company in UAE is in your 2023 business goals, then we have a few tips to share with you on how to enjoy a low-cost business setup in the UAE. Aside from choosing the right jurisdiction to establish a company, having a thorough […]
What is the difference between DED and Free Zone licenses in Dubai? In Dubai, there are two main types of business licenses: Department of Economic Development (DED) licenses and Free Zone licenses. Here is a brief overview of the differences between the two: DED License A DED license allows a company to conduct business within […]
What is the Cheapest Free Zone in UAE? The UAE is currently ranked 16th on the World Bank’s Ease of Doing Business Index Report 2020. According to the report, UAE has an Ease of Doing Business score of 80.9 out of 100. Kudos to the UAE government for launching numerous initiatives that supports the ease […]
What are the requirements of bank account opening in UAE? Are you planning to open a bank account in UAE, particularly in Dubai? In this article, we will discuss the process of bank account opening in UAE, list of bank options and how to successfully open an account in Dubai. Essentially, as an international business […]
UAE Set to Step into the Mainstream: Corporate Income Tax Starts in June 2023 The United Arab Emirates to introduce a Federal Corporate Income Tax (CIT) on business profits for the first time, the Ministry of Finance (MoF) announced on 31 January 2022. It is expected that the CIT regime will be applicable for fiscal […]